In the News

San Diego Commercial Real Estate Firm Buys Old Poway Village for $6.9 Million

POWAY – The Heritage Group recently purchased Old Poway Village, located at 14005-14055 Midland Road, from Old Poway Village, LLC for $6.9 million. Both parties were represented by Mark Hoekstra and Rocco Cortese, managing directors at The Heritage Group. This is the first property purchased under the real estate company’s new Heritage Core Value Fund. “This acquisition fits well within our Fund strategy to acquire specialty retail.” Cortese said. “We’ve done some leasing in the past few months and the momentum at the property is strong. The Heritage Group has been leasing and managing the 27,453-square-foot, multi-tenant retail and office …


Old Poway Villages Adds Three New Tenants to Center Mix

SAN DIEGO – The Heritage Group brings new tenants to round out offerings at Old Poway Village. Kyle Clark, Lev Mizan and Dan McCarthy, of The Heritage Group, represented the Lessor and Lessees in the transactions. Ocean Retreat Nail Spa signed a 62-month lease for the 982-square-foot retail space for $118,869.36. The owners of the salon are relocating from Georgia and have 15 years of experience as nail technicians. The business will focus on pedicures and manicures, offer some esthetician services, and light massage. They plan to incorporate the colors and theme of the ocean into the space to create …


Santee Station Expands Their Offerings with Two New Tenants

SAN DIEGO – The Heritage Group brokered deals for Fancy Penguin Gaming and Goodman Dental Corp to set up shop in Santee Station. Kyle Clark and Lev Mizan, both of The Heritage Group, represented the Lessor and Lessee in securing the $187,878 net retail lease for Fancy Penguin Gaming. The gaming store signed a 62-month deal for the 1,160-square foot space, located at 8840 Magnolia Ave, Suite 140, Santee. Fancy Penguin Gaming opened their first brick and mortar store for sales of card, board, and role-playing games. They will also be conducting group games and competitions. Clark also represented the …


The Heritage Group Forms Discretionary Real Estate Fund

SAN DIEGO – San Diego-based The Heritage Group has launched its first fund product, The Heritage Core Value Fund. The real estate firm is planning a $50 million equity raise for the Core Value Fund. With leverage in place, the company expects a total capitalization of the fund to be in the range of $100 million to $125 million. Target investors in the Fund will include a mixture of high net-worth individuals, family offices, trusts and Registered Investment Advisors. “Based upon our growth as well as the success we have had making individual investments for our current clients, a discretionary …

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